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Industry News

  • Pneumatic Conveying System Market to Reach $30B by 2025

    A new report by Felton, CA-based Hexa Research posits that the global market for pneumatic conveying systems will reach a value of $30.4 billion by 2025 as advancements in technology fuel sales in the food processing and pharmaceutical industries. “The global market for pneumatic conveying...

  • NSF to Open $20M Shale Gas Fuel Research Center at Purdue

    The National Science Foundation is providing $19.75 in funding over five years to support research on shale gas-derived fuel at the NSF Center for Innovative and Strategic Transformation of Alkane Resources (CISTAR) at Purdue University’s West Lafayette, IN campus. Led by Purdue and the...

  • Global Building Products Market to Hit $49B by 2025

    The global market for building products like drywall and plaster is projected to reach a value of $49 billion by the end of 2025, up from an estimated $33.16 billion in 2017, according to a new report by business insights firm Persistence Market Research. Researchers referred to the growth of the...

  • AkzoNobel Opens “World’s Most Advanced” Paint Plant in UK

    Dutch-owned paints and coatings maker AkzoNobel officially opened what it calls the “world’s most advanced and sustainable” paint manufacturing plant in Ashington, UK, a company press release announced Tuesday. Investing some €100 (about $119.5 million USD) in the project,...

  • Moy Park Purchased by Pilgrim’s Pride for $1.3B

    Pilgrim’s Pride Corporation is acquiring European poultry supplier Moy Park in a transaction valued at $1.3 billion, the Greeley, CO-based firm announced Monday. A U.S. subsidiary of Brazilian conglomerate JBS S.A. – the world’s largest meatpacking company – Pilgrim’s...

  • Cargill Sheds US Metals Business to Japanese Firm Metal One

    Minneapolis, MN-based products Cargill Inc. signed an agreement to sell its U.S. metals business to Japanese firm Metal One on Sept. 8 for undisclosed terms. Headquartered in Tokyo, Metal One will take possession of eight Cargill processing plants and its commercial activities in Huston and...

  • First Responders Free Worker Trapped in Grain Bin Auger

    A worker at a Pike Township, OH facility was airlifted to an area hospital on Sept. 8 for a foot injury suffered while he was entrapped by a grain bin’s auger, several local news organizations reported. The unidentified victim was cleaning out a grain bin when an auger became operational and...

  • Tyson Foods Closes Plants in Hurricane Irma’s Path

    As Hurricane Irma continued to impact parts of the southern United States, Tyson Foods told Reuters on Monday that it is shutting down several of its facilities in Florida and Georgia in response to the storm. The news organization reported that plans in Cumming, Dawson, and Vienna, GA will be...

  • Firms Donate $14M for New Iowa State Grain Research Site

    Grain storage, handling and drying solutions provider Sukup Manufacturing Co., grain processing firm Kent Corporation, and the Iowa Corn Promotion Board have contributed a total of $14 million to Iowa State University for a new feed mill and grain science research facility, the institution of...

  • Kraft Heinz Names 29-Year-Old CFO

    Kraft Heinz announced the appointment of Paulo Basilio, 42, currently executive vice president and chief financial officer, as zone president of the U.S. business, and David Knopf, 29, currently vice president and category head of the Planters business, as executive vice president and chief...